Discount retailer Big Lots files for bankruptcy
By Karah Rucker (Anchor), Brock Koller (Senior Producer), Ian Kennedy (Lead Video Editor)
Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection. In its filing with a Delaware bankruptcy court on Monday, Sept. 9, Big Lots lists its assets and liabilities in the range of $1 billion to $10 billion.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
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Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on Associated Press NewsBig Lots files for Chapter 11 bankruptcy, Nexus Capital to acquire stores
Click to see story on Hindustan TimesBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on abc NewsBig Lots files for bankruptcy
Click to see story on CNNDiscount Retailer Big Lots Files for Chapter 11 Bankruptcy
Click to see story on BloombergBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on abc 6 PhiladelphiaBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on abc11 RaleighBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on abc30 NewsBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on Chicago Sun TimesBig Lots files for bankruptcy
Click to see story on Koco News5Future of Indiana stores in question as Big Lots files for bankruptcy
Click to see story on WISH-TVBig Lots files for bankruptcy, says more store closures could be coming
Click to see story on News & RecordBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on NBC BostonBig Lots Files for Bankruptcy
Click to see story on NewserBig Lots sells business to Nexus Capital as it begins bankruptcy proceedings
Click to see story on ReutersBig Lots files for bankruptcy
Click to see story on KIFIBig Lots sells business to Nexus Capital as it begins bankruptcy proceedings
Click to see story on CNBCAnother Retailer Takes Chapter 11 Route: Big Lots Files For Bankruptcy And Agrees To Sell Assets To Nexus Capital As Economic Pressures Mount
Click to see story on BenzingaBig Lots files for bankruptcy, announces plans for sale to L.A. investment group
Click to see story on UPIBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on WPLGBig Lots files for bankruptcy
Click to see story on KCRA 3Big Lots files for Chapter 11 bankruptcy protection
Click to see story on Spectrum NewsBig Lots files for bankruptcy
Click to see story on WLWTBig Lots files for bankruptcy
Click to see story on WMURBig Lots files for bankruptcy
Click to see story on WLKYBig Lots files for bankruptcy, says more store closures could be coming
Click to see story on Helena Independent RecordBig Lots files for bankruptcy
Click to see story on KETVBig Lots files for bankruptcy
Click to see story on WYFFBig Lots files for bankruptcy
Click to see story on WTAEBig Lots files for bankruptcy
Click to see story on KCCIBig Lots files for bankruptcy
Click to see story on WISNBig Lots files for bankruptcy
Click to see story on WPTZBig Lots files for bankruptcy
Click to see story on WMTWBig Lots files for bankruptcy, says more store closures could be coming
Click to see story on Montana StandardBig Lots files for bankruptcy
Click to see story on WVTMBig Lots files for bankruptcy
Click to see story on WAPTBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WGN 9Big Lots files for bankruptcy
Click to see story on KOATDiscount Retailer Big Lots Files for Bankruptcy
Click to see story on Wall Street JournalBig Lots files for bankruptcy
Click to see story on KWWLThe roughly 300 Big Lots stores already set to close in the US
Click to see story on Fox8Big Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WRICBIG LOTS, INC. ENTERS INTO SALE AGREEMENT WITH NEXUS CAPITAL MANAGEMENT LP
Click to see story on PR NewswireBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WPRI 12Big Lots files for bankruptcy after 57 years in business
Click to see story on WDRB NewsBig Lots files for bankruptcy
Click to see story on WPBFBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on BRPROUDBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on KFOR-TVBig Lots files for bankruptcy
Click to see story on East Idaho NewsBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on Fox8Big Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WANE-TVBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WSPABig Lots entering Chapter 11 bankruptcy, announces sale
Click to see story on WBOYBig Lots files for bankruptcy
Click to see story on WJCLBig Lots files Chapter 11 Bankruptcy with plans to close locations
Click to see story on YOURERIEBig Lots files for Chapter 11 bankruptcy protection, plans to close more stores
Click to see story on Krem2 NewsBig Lots files for bankruptcy
Click to see story on KHBSBig Lots files for bankruptcy, says more stores could close
Click to see story on Scripps NewsBig Lots files for bankruptcy
Click to see story on WBNS- 10TVBig Lots files for Chapter 11 bankruptcy protection, plans to close more stores
Click to see story on KTVBBig Lots files for bankruptcy, acquired by private equity firm
Click to see story on abc12/WJRTBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on MYSTATELINEBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WHO-DTBig Lots files for Chapter 11 bankruptcy protection, plans to close more stores
Click to see story on 13 News NowBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WVNSBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WIVT – NewsChannel 34Big Lots filing for Chapter 11 bankruptcy, announces new ownership
Click to see story on WTRFBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on readingeagleDiscount retailer Big Lots files for bankruptcy
Click to see story on Straight Arrow NewsBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on New Orleans CityBusinessBig Lots Files for Chapter 11 Bankruptcy Protection, Plans to Sell Assets to Nexus Capital
Click to see story on VINnewsBig Lots files for Chapter 11 bankruptcy
Click to see story on retaildive.comBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on Washington TimesBig Lots files for bankruptcy, will sell assets to buyout firm as it blames high inflation
Click to see story on New York PostBig Lots files for bankruptcy, agrees to sale to Nexus Capital
Click to see story on OC RegisterDiscount retailer Big Lots files for bankruptcy
Click to see story on Just the NewsBig Lots prepares for bankruptcy, agrees sale to Nexus Capital (NYSE:BIG)
Click to see story on Seeking AlphaDiscount retailer Big Lots files for bankruptcy
Click to see story on New Hampshire Union LeaderBig Lots files for bankruptcy, will close some stores amid sale to investment firm
Click to see story on Fox BusinessBig Lots files for bankruptcy
Click to see story on The BladeBig Lots Files For Bankruptcy As Inflation Continues To Wreak Havoc On Economy
Click to see story on The Daily CallerBig Lots Files For Bankruptcy Citing Inflation
Click to see story on The Daily WireBig Lots files for bankruptcy, operates 1,400 stores
Click to see story on The Post MillennialDiscount Retailer Big Lots Announces Doors Will Stay Open Through Chapter 11 Bankruptcy, Sale to Nexus Capital Management – The Florida Capital Star
Click to see story on Florida Capital StarBig Lots Files For Bankruptcy as Corporate Bankruptcies Hit a 14 Year High
Click to see story on tfppwire.comDiscount Retailer Big Lots Files for Chapter 11 Bankruptcy, Putting Future of 1,400 Stores in Jeopardy | The Gateway Pundit | by Jim Hᴏft
Click to see story on The Gateway PunditMassive retailer files for bankruptcy as Biden-Harris inflation continues to wreak havoc on economy * WorldNetDaily * by Owen Klinsky, Daily Caller News Foundation
Click to see story on WNDMassive Retailer Files For Bankruptcy As Biden-Harris Era Inflation Continues To Wreak Havoc On Economy
Click to see story on Conservative Daily NewsUntracked Bias
Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on My Mother LodeBig Lots Files for Bankruptcy
Click to see story on WWBLBig Lots files for bankruptcy
Click to see story on MOR-TVBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on KTAL NBC 6 NewsDiscount Retailer Big Lots Files for Chapter 11 Bankruptcy
Click to see story on BizTocBig Lots sells business to Nexus Capital as it begins bankruptcy proceedings
Click to see story on Business TimesBig Lots files for bankruptcy, will close some stores amid sale to investment firm – Conservative Angle
Click to see story on Conservative AngleBig Lots files for bankruptcy protection, sells to private equity firm as it promises to keep offering ‘extreme bargains’
Click to see story on Stockxpo – A professional network of traders, investors and analystsBig Lots files for Chapter 11 bankruptcy amid financial struggles – Scioto Valley Guardian
Click to see story on Scioto Valley GuardianBig Lots files for Chap. 11 bankruptcy; unclear if Attleboro store will be among closures
Click to see story on The Sun ChronicleBig Lots Files For Chapter 11 Bankruptcy
Click to see story on WKDZ RadioBIG LOTS, INC. ENTERS INTO SALE AGREEMENT WITH NEXUS CAPITAL MANAGEMENT LP
Click to see story on stocktitan.netBig Lots enters Chapter 11 and moves to Nexus Capital
Click to see story on teleborsa.itBig Lots to File for Bankruptcy – IOTW Report
Click to see story on IOTW ReportBig Lots files for Chapter 11 bankruptcy protection
Click to see story on waka.comBig Lots files for bankruptcy, selling itself to private equity firm
Click to see story on Chain Store AgeBig Lots (NYSE: BIG) Sells Business to Nexus Capital as Part of Chapter 11 Bankruptcy
Click to see story on abbonews.comBig Lots Files for Bankruptcy, Agrees to Be Acquired by Investment Firm
Click to see story on progressivegrocer.comBig Lots Declares Bankruptcy, Announces Sale to Nexus; Future of Stores Uncertain
Click to see story on Weekly Real Estate NewsAs part of the Chapter 11 process, Big Lots stores and its website will remain open for shoppers. The Columbus, Ohio-based company said it has secured $707.5 million in financing to support its business.
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Big Lots has 1,400 stores across the U.S. with 30,000 employees. The company said private equity firm Nexus Capital is acquiring “substantially all” of its stores and operations.
Nexus Capital will serve as what’s known as a “stalking horse bidder” in the court-supervised auction process. This means its acquisition is expected to close later this year — unless a better offer comes along.
Big Lots blames its current situation on factors like high inflation and interest rates and changes in customer spending habits. Big Lots is already in the process of shuttering around 300 stores but said additional closures are planned as the company continues to evaluate its operations.
[KARAH RUCKER]
BIG NEWS FROM BIG LOTS TODAY —
THE DISCOUNT RETAILER FILING FOR CHAPTER 11 BANKRUPTCY PROTECTION
IN ITS FILING WITH A DELAWARE BANKRUPTCY COURT — BIG LOTS LISTS ITS ASSETS AND LIABILITIES IN THE RANGE OF 1 BILLION DOLLARS TO 10 BILLION.
AS PART OF THE CHAPTER 11 PROCESS – BIG LOTS STORES AND WEBSITE WILL REMAIN OPEN FOR SHOPPERS.
THE COLUMBUS OHIO-BASED COMPANY SAYS IT HAS SECURED 707 POINT 5 MILLION DOLLARS IN FINANCING TO SUPPORT ITS BUSINESS.
BIG LOTS HAS 14 HUNDRED STORES ACROSS THE U.S. – WITH 30 THOUSAND EMPLOYEES. THE COMPANY SAYS PRIVATE EQUITY FIRM NEXUS CAPITAL IS ACQUIRING “SUBSTANTIALLY ALL” OF ITS STORES AND OPERATIONS.
NEXUS CAPITAL WILL SERVE AS WHAT’S KNOWN AS A “STALKING HORSE BIDDER” IN THE COURT-SUPERVISED AUCTION PROCESS – MEANING –ITS ACQUISITION IS EXPECTED TO CLOSE LATER THIS YEAR – UNLESS A BETTER OFFER COMES ALONG.
BIG LOTS BLAMES ITS CURRENT SITUATION ON FACTORS LIKE HIGH INFLATION AND INTEREST RATES AND CHANGES IN CUSTOMER SPENDING HABITS.
BIG LOTS IS ALREADY IN THE PROCESS OF SHUTTERING AROUND 300 STORES AND SAYS ADDITIONAL CLOSURES ARE PLANNED AS THE COMPANY CONTINUES TO EVALUATE ITS OPERATIONS.
FIND MORE OF OUR BUSINESS COVERAGE AT OUR WEBSITE SAN DOT COM AND ON THE STRAIGHT ARROW NEWS APP.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on Associated Press NewsBig Lots files for Chapter 11 bankruptcy, Nexus Capital to acquire stores
Click to see story on Hindustan TimesBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on abc NewsBig Lots files for bankruptcy
Click to see story on CNNDiscount Retailer Big Lots Files for Chapter 11 Bankruptcy
Click to see story on BloombergBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on abc 6 PhiladelphiaBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on abc11 RaleighBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on abc30 NewsBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on Chicago Sun TimesBig Lots files for bankruptcy
Click to see story on Koco News5Future of Indiana stores in question as Big Lots files for bankruptcy
Click to see story on WISH-TVBig Lots files for bankruptcy, says more store closures could be coming
Click to see story on News & RecordBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on NBC BostonBig Lots Files for Bankruptcy
Click to see story on NewserBig Lots sells business to Nexus Capital as it begins bankruptcy proceedings
Click to see story on ReutersBig Lots files for bankruptcy
Click to see story on KIFIBig Lots sells business to Nexus Capital as it begins bankruptcy proceedings
Click to see story on CNBCAnother Retailer Takes Chapter 11 Route: Big Lots Files For Bankruptcy And Agrees To Sell Assets To Nexus Capital As Economic Pressures Mount
Click to see story on BenzingaBig Lots files for bankruptcy, announces plans for sale to L.A. investment group
Click to see story on UPIBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on WPLGBig Lots files for bankruptcy
Click to see story on KCRA 3Big Lots files for Chapter 11 bankruptcy protection
Click to see story on Spectrum NewsBig Lots files for bankruptcy
Click to see story on WLWTBig Lots files for bankruptcy
Click to see story on WMURBig Lots files for bankruptcy
Click to see story on WLKYBig Lots files for bankruptcy, says more store closures could be coming
Click to see story on Helena Independent RecordBig Lots files for bankruptcy
Click to see story on KETVBig Lots files for bankruptcy
Click to see story on WYFFBig Lots files for bankruptcy
Click to see story on WTAEBig Lots files for bankruptcy
Click to see story on KCCIBig Lots files for bankruptcy
Click to see story on WISNBig Lots files for bankruptcy
Click to see story on WPTZBig Lots files for bankruptcy
Click to see story on WMTWBig Lots files for bankruptcy, says more store closures could be coming
Click to see story on Montana StandardBig Lots files for bankruptcy
Click to see story on WVTMBig Lots files for bankruptcy
Click to see story on WAPTBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WGN 9Big Lots files for bankruptcy
Click to see story on KOATDiscount Retailer Big Lots Files for Bankruptcy
Click to see story on Wall Street JournalBig Lots files for bankruptcy
Click to see story on KWWLThe roughly 300 Big Lots stores already set to close in the US
Click to see story on Fox8Big Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WRICBIG LOTS, INC. ENTERS INTO SALE AGREEMENT WITH NEXUS CAPITAL MANAGEMENT LP
Click to see story on PR NewswireBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WPRI 12Big Lots files for bankruptcy after 57 years in business
Click to see story on WDRB NewsBig Lots files for bankruptcy
Click to see story on WPBFBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on BRPROUDBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on KFOR-TVBig Lots files for bankruptcy
Click to see story on East Idaho NewsBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on Fox8Big Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WANE-TVBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WSPABig Lots entering Chapter 11 bankruptcy, announces sale
Click to see story on WBOYBig Lots files for bankruptcy
Click to see story on WJCLBig Lots files Chapter 11 Bankruptcy with plans to close locations
Click to see story on YOURERIEBig Lots files for Chapter 11 bankruptcy protection, plans to close more stores
Click to see story on Krem2 NewsBig Lots files for bankruptcy
Click to see story on KHBSBig Lots files for bankruptcy, says more stores could close
Click to see story on Scripps NewsBig Lots files for bankruptcy
Click to see story on WBNS- 10TVBig Lots files for Chapter 11 bankruptcy protection, plans to close more stores
Click to see story on KTVBBig Lots files for bankruptcy, acquired by private equity firm
Click to see story on abc12/WJRTBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on MYSTATELINEBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WHO-DTBig Lots files for Chapter 11 bankruptcy protection, plans to close more stores
Click to see story on 13 News NowBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WVNSBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on WIVT – NewsChannel 34Big Lots filing for Chapter 11 bankruptcy, announces new ownership
Click to see story on WTRFBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on readingeagleDiscount retailer Big Lots files for bankruptcy
Click to see story on Straight Arrow NewsBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on New Orleans CityBusinessBig Lots Files for Chapter 11 Bankruptcy Protection, Plans to Sell Assets to Nexus Capital
Click to see story on VINnewsBig Lots files for Chapter 11 bankruptcy
Click to see story on retaildive.comBig Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on Washington TimesBig Lots files for bankruptcy, will sell assets to buyout firm as it blames high inflation
Click to see story on New York PostBig Lots files for bankruptcy, agrees to sale to Nexus Capital
Click to see story on OC RegisterDiscount retailer Big Lots files for bankruptcy
Click to see story on Just the NewsBig Lots prepares for bankruptcy, agrees sale to Nexus Capital (NYSE:BIG)
Click to see story on Seeking AlphaDiscount retailer Big Lots files for bankruptcy
Click to see story on New Hampshire Union LeaderBig Lots files for bankruptcy, will close some stores amid sale to investment firm
Click to see story on Fox BusinessBig Lots files for bankruptcy
Click to see story on The BladeBig Lots Files For Bankruptcy As Inflation Continues To Wreak Havoc On Economy
Click to see story on The Daily CallerBig Lots Files For Bankruptcy Citing Inflation
Click to see story on The Daily WireBig Lots files for bankruptcy, operates 1,400 stores
Click to see story on The Post MillennialDiscount Retailer Big Lots Announces Doors Will Stay Open Through Chapter 11 Bankruptcy, Sale to Nexus Capital Management – The Florida Capital Star
Click to see story on Florida Capital StarBig Lots Files For Bankruptcy as Corporate Bankruptcies Hit a 14 Year High
Click to see story on tfppwire.comDiscount Retailer Big Lots Files for Chapter 11 Bankruptcy, Putting Future of 1,400 Stores in Jeopardy | The Gateway Pundit | by Jim Hᴏft
Click to see story on The Gateway PunditMassive retailer files for bankruptcy as Biden-Harris inflation continues to wreak havoc on economy * WorldNetDaily * by Owen Klinsky, Daily Caller News Foundation
Click to see story on WNDMassive Retailer Files For Bankruptcy As Biden-Harris Era Inflation Continues To Wreak Havoc On Economy
Click to see story on Conservative Daily NewsUntracked Bias
Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Click to see story on My Mother LodeBig Lots Files for Bankruptcy
Click to see story on WWBLBig Lots files for bankruptcy
Click to see story on MOR-TVBig Lots files for bankruptcy, plans to close hundreds of locations
Click to see story on KTAL NBC 6 NewsDiscount Retailer Big Lots Files for Chapter 11 Bankruptcy
Click to see story on BizTocBig Lots sells business to Nexus Capital as it begins bankruptcy proceedings
Click to see story on Business TimesBig Lots files for bankruptcy, will close some stores amid sale to investment firm – Conservative Angle
Click to see story on Conservative AngleBig Lots files for bankruptcy protection, sells to private equity firm as it promises to keep offering ‘extreme bargains’
Click to see story on Stockxpo – A professional network of traders, investors and analystsBig Lots files for Chapter 11 bankruptcy amid financial struggles – Scioto Valley Guardian
Click to see story on Scioto Valley GuardianBig Lots files for Chap. 11 bankruptcy; unclear if Attleboro store will be among closures
Click to see story on The Sun ChronicleBig Lots Files For Chapter 11 Bankruptcy
Click to see story on WKDZ RadioBIG LOTS, INC. ENTERS INTO SALE AGREEMENT WITH NEXUS CAPITAL MANAGEMENT LP
Click to see story on stocktitan.netBig Lots enters Chapter 11 and moves to Nexus Capital
Click to see story on teleborsa.itBig Lots to File for Bankruptcy – IOTW Report
Click to see story on IOTW ReportBig Lots files for Chapter 11 bankruptcy protection
Click to see story on waka.comBig Lots files for bankruptcy, selling itself to private equity firm
Click to see story on Chain Store AgeBig Lots (NYSE: BIG) Sells Business to Nexus Capital as Part of Chapter 11 Bankruptcy
Click to see story on abbonews.comBig Lots Files for Bankruptcy, Agrees to Be Acquired by Investment Firm
Click to see story on progressivegrocer.comBig Lots Declares Bankruptcy, Announces Sale to Nexus; Future of Stores Uncertain
Click to see story on Weekly Real Estate NewsVOTE WITH THE UNBIASED, STRAIGHT FACTS.™
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